IHYG.L vs. ISPA.DE
IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, IHYG.L returned 3.09%/yr vs 8.98%/yr for ISPA.DE. At a 0.49 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.46%/yr for ISPA.DE.
Performance
IHYG.L vs. ISPA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IHYG.L achieves a 0.54% return, which is significantly lower than ISPA.DE's 13.48% return. Over the past 10 years, IHYG.L has underperformed ISPA.DE with an annualized return of 3.09%, while ISPA.DE has yielded a comparatively higher 8.98% annualized return.
IHYG.L
- 1D
- -0.07%
- 1M
- 0.31%
- YTD
- 0.54%
- 6M
- 1.38%
- 1Y
- 2.99%
- 3Y*
- 6.08%
- 5Y*
- 2.59%
- 10Y*
- 3.09%
ISPA.DE
- 1D
- 0.49%
- 1M
- 2.41%
- YTD
- 13.48%
- 6M
- 15.60%
- 1Y
- 28.97%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
IHYG.L vs. ISPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 0.54% | 5.32% | 5.71% | 11.34% | -9.47% | 3.04% | 1.14% | 9.70% | -3.57% | 4.81% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 24.24% | -7.51% | 2.97% |
Correlation
The correlation between IHYG.L and ISPA.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2010 | 0.49 |
The correlation between IHYG.L and ISPA.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
IHYG.L vs. ISPA.DE — Risk / Return Rank
IHYG.L
ISPA.DE
IHYG.L vs. ISPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IHYG.L | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.62 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 8.10 | -7.02 |
| Martin ratioReturn relative to average drawdown | 4.47 | 28.73 | -24.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IHYG.L | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 3.35 | -2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.91 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.60 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.68 | -0.04 |
Drawdowns
IHYG.L vs. ISPA.DE - Drawdown Comparison
The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for IHYG.L and ISPA.DE.
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Drawdown Indicators
| IHYG.L | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -38.91% | +13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -3.63% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -15.10% | +11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -15.10% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | -38.91% | +13.30% |
Current DrawdownCurrent decline from peak | -0.32% | -1.09% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -4.46% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.03% | -0.36% |
Volatility
IHYG.L vs. ISPA.DE - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 2.62%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than ISPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYG.L | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 2.62% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 6.51% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 8.77% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 12.00% | -6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 14.79% | -8.00% |
IHYG.L vs. ISPA.DE - Expense Ratio Comparison
IHYG.L has a 0.50% expense ratio, which is higher than ISPA.DE's 0.46% expense ratio.
Dividends
IHYG.L vs. ISPA.DE - Dividend Comparison
IHYG.L's dividend yield for the trailing twelve months is around 5.18%, more than ISPA.DE's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 5.18% | 5.44% | 6.10% | 5.41% | 3.70% | 3.07% | 3.67% | 3.76% | 3.68% | 3.77% | 4.03% | 4.59% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
IHYG.L and ISPA.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPA.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPA.DE is cheaper with a 0.46% expense ratio, compared with 0.50% for IHYG.L.
IHYG.L is categorized as European High Yield Bonds, while ISPA.DE is Global Equities. IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.50% for IHYG.L and 0.46% for ISPA.DE.
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